Sparton Resources Inc.
TSX VENTURE : SRI

Sparton Resources Inc.

June 22, 2010 13:31 ET

Sparton Welcomes New Members to Board of Directors

TORONTO, ONTARIO--(Marketwire - June 22, 2010) - Sparton Resources Inc. (TSX VENTURE:SRI) (the "Company") announced today that Messrs D. Brian Long and Wes Roberts joined Sparton's team as new members of its Board of Directors. These gentlemen replace James C. McCartney and Andrew Rickaby who are retiring from the Board effective the Company's Annual and Special General Meeting held on June 22, 2010.

Management wishes to thank the retiring directors for their long and constructive service to the Company. Both will remain with Sparton as part of its Advisory Board and the Company's group of consultants.

Both of the incoming directors are experienced professionals whose careers have focussed on the resource industry and related sectors.

Brian Long holds a B.A.Sc. (Mining Engineering) from the University of Toronto and an M.B.A. from Harvard Business School. From 1969 to 1992 Mr. Long held various senior financial and executive positions, with Massey Ferguson Limited (1969 – 1984), Canada Development Investment Corp. (1984 – 1985), Acorn Computer Group plc (1985 – 1987) and Farrel Limited (1988 – 1991). Since 1992 Mr. Long has been engaged as a management consultant in a variety of executive and non-executive directorships, frequently with venture capital backed companies. These positions include: Chairman of Ashtead Technology Ltd. (2008-2009); Director of Poclain Hydraulics SAS (1999 – 2008); Director of Meta Vision Systems Limited (1994 – present); Chairman of Moody International Ltd. (2004 – 2007); Chairman of Mills Manufacturing Technology Ltd. (1998 – 2006); Director of Brightview PLC (2007 – 2008); Director of Lontra Limited (2006 – 2008).

From 2006 to 2010 Mr. Long was Chairman of Stewart Group Global, an international analytical firm with 70 offices and 30 laboratories worldwide that specializes in analytical services for the mining, metallurgical, and resource commodity trading industries.

Wes Roberts holds a B.Sc. (Mining Engineering) and M.Sc. (Mining Engineering) from Queen's University, and an M.B.A. (Finance) from the Schulich School of Business (York University). From 2006 to 2008 Mr. Roberts was the Vice President, Corporate Development of Breakwater Resources Ltd. From 2001 to 2006 Mr. Roberts was a Project Evaluation Consultant to Inco Limited (Capital Projects and Exploration). From 1982 to 1999 Mr. Roberts held various senior operating and engineering consulting positions in Canada with several mining and mineral resource related organizations.

Since April 2008, Mr. Roberts has been Vice President, Mining of HB Global Advisors Corp a subsidiary and consulting arm to Heenan Blaikie LLP a leading Canadian law firm.

THE COMPANY

Sparton is currently rationalizing its global portfolio of projects. Consideration has been given to both international commodity and market conditions. The company has developed a unique portfolio of resource opportunities in Canada and China in the commodities, uranium, germanium and vanadium and gold which all have very strong domestic and international market fundamentals. It welcomes its new members to the Board of Directors and their guidance as the Company moves forward to create value for its stakeholders.

This press release contains "forward-looking statements" within the meaning of applicable Canadian securities legislation. Generally, forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "planned", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may" ,"could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking statements are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, closing of transactions, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to exploration and development, the environment, local and foreign government regulation, currency fluctuation infrastructure, capital markets and additional funding requirements and the departure of key executives as well as those factors discussed in the Company's documents filed on SEDAR (www.sedar.com).

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements that are contained herein, except in accordance with applicable securities laws. Further information on Sparton Resources Inc. is available at www.sedar.com.

This news release and the information contained herein does not constitute an offer of securities for sale in the United States and securities may not be offered or sold in the United States absent registration or exemption from registration.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information

  • Sparton Resources Inc.
    A. Lee Barker
    President and CEO
    +1 416-366-3551 or Mobile: +1 416-716-5762
    +1 416-366-7421 (FAX)
    info@spartonres.ca
    or
    Sparton Resources Inc.
    Edward G. Thompson
    Chairman
    +1 416-366-6083
    +1 416-366-2713 (FAX)
    egt@interlog.com
    www.spartonres.ca